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Japan – Career Co reports revenue

13 August 2019

Career Co., Ltd, (6198:JP), a Japanese HR services firm, reported revenue for the nine months ending 30 June 2019 of JPY 8.33 billion (USD 79.2 million). The group did not provide prior year results for comparison. However, 2018 9-months results are posted below the 2019 results.

(JPY millions) 9 months 2019 9 months 2019 (USD millions)
Revenue 8,337 79.2
Operating Income 183 1.7
Net Income 107 1.0
(JPY millions) 9 months 2018 9 months 2018 (USD millions)
Revenue 7,558 68.2
Operating Income 369 3.3
Net Income 238 2.1

The group is mainly engaged in the provision of senior human resources for an ageing society. The senior work business provides temporary staffing, recruitment and business contract of senior human resources for building maintenance, bed-making, office work, logistics, qualified personnel and other fields.

During the 9-month period the company announced that it acquired Cubo Co. Ltd, a Japan-based HR services company.

Career Co. forecasted revenue of JPY 11.50 billion (USD 109.2 million) for the year ending September 2019.

In trading today Career Co shares closed at JPY 562.00 (USD 4.97), down 2.60% on the day and 7.46% above its 52-week low of JPY 523.00, set on 16 May 2019. Based on its current share price the company has a market value of JPY 4.97 billion (USD 47.2 million).

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